2015 (12) TMI 1523

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....d Mr. Shikhar Garg, Advs. For the Respondent Rep by: Mr. Pranjal Srivasatav, Adv. JUDGEMENT CM APPL No. 29056/015 (for exemptions) in ITA 910/2015 CM APPL No. 29058/015 (for exemptions) in ITA 911/2015 CM APPL No. 29060/015 (for exemptions) in ITA 912/2015 CM APPL No. 29062/015 (for exemptions) in ITA 913/2015 1. Exemptions allowed subject to all just exceptions. 2. The applications are di....

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....661/Del/2014, 350/Del/2013 and 352/Del/2013 for the Assessment Years ('AYs') 2006-07, 2007-08, 2007-08 and 2006-07 respectively. 7. The facts in brief are that search and seizure operations were conducted on 10th February 2010 in the premises of the Jakson group of companies headed by Mr. S.K. Gupta. The Jakson group was manufacturing and trading in panels, canopies and part of diesel gen....

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....lowance under Section 14A of the Act and restricted the disallowance to 1.06% of the gross income. 9. The Assessee then appealed to the ITAT which has, in the impugned order dated 11th April 2014, followed the decision of this Court in CIT v. Anil Bhatia 352 ITR 493 (Del) and held thus: "13. We thus decide the issue of validity of initiation of proceeding under Section 153A of the Act and the as....

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....of law in relation to notices under Section 153A and one of the points in that summary read as under: "(i) Once a search takes place under Section 132 of the Act, notice under Section 153 A (1) will have to be mandatorily issued to the person searched requiring him to file returns for six AYs immediately preceding the previous year relevant to the AY in which the search takes place" 12. However,....